As the U.S. market remained volatile note, several stocks reported heavy insider buying. Some notable stocks are discussed here.
Arch Coal Inc. (NYSE: ACI), which is engaged in the production and sale of steam and metallurgical coal from surface and underground mines, announced that its Senior Vice President Paul A Lang bought 1,000 shares for a total value of $14,200 at $14.20 per share. Shares added 4.90 percent, or $0.67, to trade at $14.35.
New Century Bancorp Inc. (Nasdaq: NCBC), which operates as the holding company for New Century Bank that provides commercial and retail banking services to individuals and small to medium-sized businesses in southeastern North Carolina, reported that its Executive Vice President Kevin S Bunn bought 2,320 shares for a total value of $5,000 at $2.15 per share. Shares were trading at $2.10 with zero percent change on its last close.
Digital Generation, Inc. (Nasdaq: DGIT), which provides digital technology services that enable the electronic delivery of advertisements, syndicated programs, and video news releases to traditional broadcasters, online publishers, and other media outlets, declared that its Chief Digital Officer Gal Trifon bought 7,000 shares for a total value of $81, 200 at $11.6 per share. Shares added 7.20 percent, or $0.81, to trade at $12.06.
First Citizens Banc Corp. (Nasdaq: FCZA), which operates as a holding company for The Citizens Banking Company, which provides various banking products and services in Ohio, announced that its Director Michael J Close bought 1,600 shares of the company for a total value of $6,100 at $3.83 per share. Shares were trading at $3.77 with zero percent change on its last close.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI), which operates as a commercial real estate finance company in the U.S., reported that its Director Michael Salvati bought 5,000 shares for a total value of $69,400 at $13.87 per share. Shares gained 1.57 percent, or $0.20, to trade at $13.58.